New perspectives on the innovation gap

For many years, William Polushin has taught a core international business undergraduate course at McGill University's Desautels Faculty of Management. Each year Mr. Polushin (who's also founding director of the Desautels program for international competitiveness, trade and innovation) polls his students about their attitudes towards entrepreneurship and innovation by asking whether they see themselves as the next Bill Gates - in other words, as individuals who will come up with an innovation that could be a game-changer. Year after year, the response rate is consistent: only about 10 percent say they see themselves in this kind of role. By comparison, at a recent conference on North American competitiveness in Mexico City, he asked the students in the audience to raise their hands if they saw themselves running their own businesses in the future. "Well over half put up their hands," he says.

The results of his straw polls tell a story. Canada has not been especially successful at fostering an innovation mindset among successive generations of business grads and entrepreneurs. Mr. Polushin says, "We don't have a strong risk orientation in our own country." Most of his students aspire to work in large companies, even though the supply of Canadian-based multinationals continues to shrink due to consolidation. The result, he says, is that much R&D and innovation activity occurs elsewhere.

Read full article: University Affairs, January 12, 2011